The net profit of Hikvision increased by 9.66percent in the first half of the year, and preparations for its spin off and listing have been launched

category:Finance
 The net profit of Hikvision increased by 9.66percent in the first half of the year, and preparations for its spin off and listing have been launched


On the evening of July 24, Hikvision released a semi annual report, which showed that in the first half of 2020, the company achieved a revenue of 24.271 billion yuan, a year-on-year increase of 1.45%; and a net profit of 4.624 billion yuan, a year-on-year increase of 9.66%.

In the first half of the year, Hikvisions main work includes continuing to increase R & D investment, emphasizing the accumulation of underlying technology, improving system design capability, and upgrading products and solutions; the company vigorously promotes the digital intelligence integration, further combines AI with perceptual big data and multidimensional big data, and promotes the application of intelligent management methods; the company starts the preparation for the split listing of smart home business Make, etc.

By region. In the first half of this year, the overseas business of Hikvision grew faster than that of domestic business. In the first half of this year, the overseas revenue of Hikvision was 7.542 billion yuan, with a year-on-year increase of 8.63%, and the domestic business income was 16.729 billion yuan, a year-on-year decrease of 1.48%.

In the first half of the year, Hikvision strengthened the construction of science and Technology Parks in various places. Among the major changes in major assets, the construction in progress increased by 60.55%, mainly due to the increase in investment in the construction of Chengdu Science and Technology Park, Hangzhou Innovation Industrial Park and Chongqing Science and technology Park. In the first half of the year, Hikvision projects are being carried out at the same time. Among them, the progress of relevant science and technology parks and industrial parks in Chengdu, Hangzhou and Chongqing has exceeded 20%. The projects of Xian Science and Technology Park, Wuhan Science and Technology Park and intelligent industrial park are just starting, and the project progress is less than 1%.

From the perspective of shareholders. Gaohua - HSBC in the second quarter of this year- GOLDMAN.SACHS&CO . LLC (Goldman Sachs Group) has become the 10th largest shareholder of Hikvision, holding about 46.23 million shares at the end of the period, with a shareholding ratio of 0.49%. Beishang capital increased the holding of 58.31 million shares of Hikvision in the second quarter, with a shareholding ratio of 5.95% at the end of the period, and remained the third largest shareholder of Hikvision; CITIC Securities increased its holding of 7.79 million shares, with a shareholding ratio of 1.10% at the end of the period, and remained the eighth largest shareholder of Haitian.

Launch smart home business spin off

According to reports, Hikvisions Thermal Imaging Division, established in 2015, is a product business department of Hikvisions product R & D center, which is responsible for the development and optimization of a full range of thermal imaging products. Hikvision said that the asset transfer is an asset adjustment within the scope of consolidated statements, which is conducive to promoting the scale effect of Hikvisions infrared overall business and improving the competitiveness of Hikvisions infrared overall business in the industry. On July 24, Hikvision also announced that it plans to provide financial assistance of no more than 1 billion yuan to Haikang robot, and the specific amount of subsidy will be provided according to the actual business needs of Haikang robot. Tianyan inspection shows that Hikvision holds 60% of the equity of Hikvision robot, and Hangzhou Hikvision equity investment partnership holds 40% of the equity of Hikvision. The latter is also the platform for Hikvision to implement innovative business with its core employees. On behalf of the companys employees, Hikvision invests and invests in the subsidiary of Hikvision, which is an associated legal person of Hikvision. Hikvision said that the financial assistance provided by Hikvision for Haikang robot can meet the capital needs of its operation and development, make the company obtain better profits and meet the companys strategic development needs. Source: Securities Times editor in charge: Guo Chenqi_ NBJ9931

According to reports, Hikvisions Thermal Imaging Division, established in 2015, is a product business department of Hikvisions product R & D center, which is responsible for the development and optimization of a full range of thermal imaging products. Hikvision said that the asset transfer is an asset adjustment within the scope of consolidated statements, which is conducive to promoting the scale effect of Hikvisions infrared overall business and improving the competitiveness of Hikvisions infrared overall business in the industry.

On July 24, Hikvision also announced that it plans to provide financial assistance of no more than 1 billion yuan to Haikang robot, and the specific amount of subsidy will be provided according to the actual business needs of Haikang robot. Tianyan inspection shows that Hikvision holds 60% of the equity of Hikvision robot, and Hangzhou Hikvision equity investment partnership holds 40% of the equity of Hikvision. The latter is also the platform for Hikvision to implement innovative business with its core employees. On behalf of the companys employees, Hikvision invests and invests in the subsidiary of Hikvision, which is an associated legal person of Hikvision.

Hikvision said that the financial assistance provided by Hikvision for Haikang robot can meet the capital needs of its operation and development, make the company obtain better profits and meet the companys strategic development needs.